Mission Produce, Inc. AVO
Mission Produce, Inc. together with its consolidated subsidiaries ("Mission Produce" or the "Company," "Registrant," or "Issuer," and generally referred to as "we" or "us"), is a global leader in the avocado industry. The Company's expertise lies in the farming, packaging, marketing and distribution of avocados to food retailers, distributors and produce wholesalers worldwide. The Company procures avocados principally from California, Mexico and Peru. Through our various operating facilities, we grow, sort, pack, bag and ripen avocados and a small amount of other fruits for distribution to domestic and international markets. We report our results of operations in three operating segments which are also reportable segments:
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.39B | $1.23B | $953.9M | $1.05B | $891.7M | $862.3M | $883.3M | — |
| Cost of revenue | $1.23B | $1.08B | $870.6M | $956.1M | $767.2M | $737.7M | $728.6M | — |
| Gross profit | $160.7M | $152.5M | $83.3M | $89.8M | $124.5M | $124.6M | $154.7M | — |
| SG&A | $95.5M | $86.8M | $76.4M | $77.5M | $63.6M | $56.2M | $48.2M | — |
| Operating income | $65.2M | $65.7M | $6.9M | -$37.2M | $60.9M | $68.4M | $106.5M | — |
| Interest expense | $9.4M | $12.6M | $11.6M | $5.5M | $3.7M | $6.7M | $10.3M | — |
| Pre-tax income | $61.9M | $60.4M | -$900.0K | -$31.2M | $66.0M | $43.8M | $96.0M | — |
| Income tax | $21.4M | $18.6M | $2.2M | $3.7M | $21.1M | $15.0M | $24.3M | — |
| Net income | $37.7M | $36.7M | -$2.8M | -$34.6M | $44.9M | $28.8M | $71.7M | — |
| EPS, basic | 0.53 | 0.52 | -0.04 | -0.49 | 0.64 | 0.45 | 1.13 | — |
| EPS, diluted | 0.53 | 0.52 | -0.04 | -0.49 | 0.63 | 0.45 | 1.13 | — |
| Shares, diluted (wtd. avg.) | $71.3M | $71.0M | $70.8M | $70.6M | $71.1M | $63.7M | $63.5M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $64.8M | $58.0M | $42.9M | $53.9M | $92.2M | $127.0M | $65.6M | $30.5M |
| Inventory | $80.6M | $91.2M | $70.8M | $73.1M | $48.2M | $38.6M | — | — |
| Total current assets | $262.2M | $279.0M | $220.1M | $228.1M | $247.1M | $248.1M | — | — |
| Property, plant and equipment | $542.2M | $523.4M | $523.2M | $489.7M | $424.2M | $379.1M | — | — |
| Goodwill | $39.4M | $39.4M | $39.4M | $39.4M | $76.4M | $76.4M | — | — |
| Other intangibles | — | $0 | $500.0K | $2.0M | $0 | — | — | — |
| Total assets | $983.0M | $971.5M | $914.8M | $879.5M | $873.5M | $777.3M | — | — |
| Short-term debt | $3.0M | $3.0M | $3.4M | $3.5M | $8.8M | $7.4M | — | — |
| Total current liabilities | $134.5M | $149.1M | $97.5M | $101.7M | $89.2M | $77.9M | — | — |
| Long-term debt | $92.8M | $110.7M | $148.6M | $136.9M | $155.1M | $166.7M | — | — |
| Total liabilities | $363.1M | $394.4M | $386.5M | $356.6M | $339.3M | $303.8M | — | — |
| Retained earnings | $339.3M | $307.7M | $271.0M | $274.4M | $309.0M | $251.2M | — | — |
| Total equity | $587.3M | $547.3M | $528.3M | $522.9M | $534.2M | $473.5M | $379.0M | $313.5M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $88.6M | $93.4M | $29.2M | $35.2M | $47.0M | $78.9M | $92.6M | — |
| Depreciation and amortisation | $34.6M | $37.7M | $32.8M | $24.8M | $20.4M | $18.1M | $16.5M | — |
| Stock-based compensation | $8.8M | $7.1M | $4.5M | $3.6M | $2.6M | $5.0M | $0 | — |
| Capital expenditure | $51.4M | $32.2M | $49.8M | $61.2M | $73.4M | $67.3M | $29.7M | — |
| Investing cash flow | -$51.9M | -$33.5M | -$54.1M | -$51.4M | -$70.3M | -$67.7M | -$30.7M | — |
| Financing cash flow | -$29.5M | -$43.8M | $14.3M | -$21.8M | -$11.5M | $50.1M | -$26.8M | — |
| Dividends paid | — | — | — | $0 | $0 | $13.0M | $5.6M | — |
| Buybacks | $6.1M | $0 | $600.0K | $0 | $0 | $1.9M | $900.0K | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001802974-25-000048.
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